Tesla Stock Suffers Worst Week Since 2020

  • December 16, 2022

Tesla Inc. shares Friday wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to step down from the helm of the electric-vehicle maker.

The recent sales have seemed tied to Musk’s acquisition of the social-media platform Twitter, which he bought for roughly $44 billion this year. It is the second time he has sold stock since closing that deal in October.

@specificmikeflynn #stitch with @klwtts …maybe you need to click all four buttons at once? #elonmusk #twitter #tesla ♬ Aesthetic - Tollan Kim

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